To The Moon

Please find and follow my YT channel (nerdbull1669) for Daily SG and US Stock Watchlist. Do follow me as I share quality stock pick for Daily Watchlist. I thought of sharing something that has been happening for these 2 days on the Bitcoin Prices and $Marathon Digital Holdings Inc(MARA)$ prices. They seem to be moving almost in same trend. Let me show you what I have observed. How about the rest of these crypto stocks? Maybe we can try and observe. BTC Prices and MARA Prices on 28 March 2023 I have observed that on 28 March 2023, around 9.45hrs, Bitcoin prices was below 28K, almost reaching the Day Low. Similarly, MARA prices was near its Day Low around the same time, so is it coincidence. 28 March 2023 was a NO GAIN day for MARA. Let us look at 29 March 2023. BTC Prices and MARA Prices on 29 March 2023 29 March 2023 was a GOOD GAIN day for MARA. Let us look at how Bitcoin and MARA are trading. I have observed that on 29 March 2023, around 10.15hrs, Bitcoin prices was above 28K, near its Day High. Similarly, MARA prices was at its Day High around the same time (10.15-10.20), so is it coincidence? There seem to be a time difference (slightly around 5 mins), so can we monitor the Bitcoin price movement and then take a trade at MARA? I would suggest we also look at how the stock is trading in terms of volume and price action. BULL and BEAR power also can play quite an important role. (You can see how the chart on BULL and BEAR power is showing for MARA). Summary (What I have learn) As we know that MARA is a company which is building system to mine Bitcoin (BTC), I would say their currency for sales and trade would be closely tied to the crypto currency (Bitcoin). So it might not be surprising to why their stock price is almost moving in the same trend as the Bitcoin, but do remember that there is also sentiment and price volume we need to consider. I would take the relationship of Bitcoin to MARA as an add-on, on top of all the FA, TA that we use, including A.I. model. Do let me know your thoughts on this in the comments, this is my personal observation on how BTC prices move almost similar to how MARA prices moved, and also use Price action, volume, BULL and BEAR power to assist in your trade. This might be a good opportunity to look at how you would like to trade MARA. Do like, share and comment on this article if you find this trading thought useful. @TigerStars appreciate if you could feature this article so that fellow tiger would benefit from my trading thoughts. Disclaimer: The analysis and result presented does not recommend or suggest any investing in the said stock. This is purely for Technical Analysis, and there are many other indicators that need to be look at together. (e.g., Price Action, Volume, etc.).